Suncorp reports commercial rates hike of 9.3% as reinsurance costs jump

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Suncorp Group has reported net profit after tax of Au$389m (£263m)for the half year to 31 December 2011, up from Au$223m in the prior corresponding period.

The financial services group said the improved net profit result was achieved despite numerous external challenges including a weak domestic economy, volatile investment markets, ongoing natural

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